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Forex pairs in this Article » USD/JPY (New York) - The USD/JPY foreign exchange rate has repeatedly navigated session highs at 101.51 Monday.

USD/JPY operating below resistance

In recent minutes, the USD/JPY has held onto its daily gains, now operating in the region of 101.45 presently, up +0.19%. Any upward rise in the pair will encounter short-term resistive means at 101.60, then the 102.00 barrier, and finally 102.45, notes Valeria Bednarik, an analyst at

USD/JPY eyes 101.60 level

According to Bednarik, “The USD/JPY is heading towards the 101.60 level (78.6% retracement of its latest daily fall). The hourly chart shows indicators still heading higher despite in overbought territory, while in bigger time frames technical readings also present a strong bullish tone, suggesting more gains ahead.”
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